Long Term Capital Gain Tax on Monthly Income Plans

Hello Basu, I have a HDFC MIP held for long term (more than 3 years). I plan to redeem it this year. I don’t have any taxable income apart from this gains in this year. Will I still qualify to pay the LTCG tax, even though my earnings fall in the zero percent tax slab this year ? Thanks.

Thank you so much. I have another query. My husband had invested in “SBI LIFE Unit Plus-II-Pension Option I” a few years back based on some recommendation of a broker. Now reading all your articles, I am wondering if this was a good investment. Do you have any views on this ? Also what kind of taxation will be on this on redemption.

I am unable to open the product detailed file of SBI Life from their portal. However, in my view he purchased it before 2010. If yes, then the cost may be at higher end. Suggest him to discontinue at the earliest as I think he can surrender it without any penalty.